Space
Finished area and layout
- Building Area
- 15,360 sqft
+45 more
15,360 sqft
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
Lot
Land, frontage and setting
- Zoning
- B3 Multi-residential
Costs
Price, taxes and monthly charges
About This Property
This investment in Kingston offers 15,360 sqft of building area. The property has zoned B3 Multi-residential. The home features partial.
MLS Remarks
Purpose-built 21-unit apartment building in Kingston offering a rare combination of scale, condition, and long-term stability in a strong rental market. Situated on a 15,360 square foot lot, the building comprises sixteen 2-bedroom units and five 1-bedroom units with stable tenancy and consistent occupancy history. Constructed in 1962 with concrete construction and attractive brick exterior, the property features an elevator servicing all four floors, terrazzo common areas, hardwood parquet flooring within units, updated entry/security system, newer roof, and recently constructed balconies. Three units have been freshly renovated, providing immediate upside and demonstrating strong rental appeal. Tenants enjoy individual air conditioning units, dedicated outdoor parking, common coin-operated laundry facilities, and individual storage lockers. Hydro is separately metered to tenants, while the building operates with efficient common gas-fired hot water heating. Current gross annual revenue for 2025 is approximately $326,000 with estimated rental upside of approximately 23% to current market levels, offering meaningful long-term income growth potential for investors. Pride of ownership is evident throughout this clean, professionally maintained asset. Excellent opportunity for investors seeking a stable multi-residential holding with strong in-place income and long-term upside in one of Eastern Ontario's most resilient rental markets. Offered at $4,134,000.
Inclusions
All existing appliances belonging to the Seller. Two coin op washers/dryers
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